My Story as an Angel Investor

This article was generated by gpt-4o-mini based on my Stanford MSx application essay; The audio was generated by Google NotebookLM from the same file.

My Story as an Angel Investor
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Lijie Wang (Leo Wang)
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“The best way to predict the future is to create it.” — Peter Drucker

Introduction

My journey is not one of privilege, but of purpose. It is a journey marked by resilience, commitment, and an unwavering belief in the potential of grassroots entrepreneurs. From my humble beginnings as an ambitious young professional at Huawei to my current status as a pioneer of angel investing in China, my story is a testament to what ordinary people can achieve when driven by extraordinary determination. My narrative illustrates that with the right combination of passion, empathy, and an unyielding commitment to a cause, real change is possible, even in the face of substantial challenges.

The Power of Purpose

Purpose has been a foundational element of my journey. It fuels my drive and reminds me why I embarked on this path. When I reflect on my early days at Huawei, I remember the many challenges that shaped my character and prepared me for a future in investing. My start wasn’t defined by wealth or connections, but rather by a desire to make a difference.

By understanding the struggles of others, I recognized the importance of lifting those around me, especially those with exceptional ideas but without the means to bring them to life. This realization was a catalyst for my transformation from a bystander to a change-maker.

The Dawn of Angel Investing

In 2011, I embarked on my angel investing journey with a modest $15,000 check for GuruDigger, my very first investment that laid the foundation for PreAngel. This small step marked a monumental shift in my life's direction. It was not just about the financial aspect; it was about creating opportunities for those who are often overlooked.

The Disparity in Funding

I quickly recognized the glaring disparity that grassroots entrepreneurs faced in securing their initial capital. Many had groundbreaking ideas and the motivation to build something transformative, yet they lacked access to the funding needed to kickstart their dreams. This understanding sparked my desire to make a difference, eventually transforming into the PreAngel Fund. My mission transcended mere financial support; it was about leveling the playing field and giving every promising idea a fair shot at becoming a reality.

“The true value of angel investing lies not in the financial gains, but in empowering people, supporting innovation, and creating an environment where talented entrepreneurs can flourish.”

Building a Legacy

Over a decade, I have allocated $40 million to over 300 startups, helping them to thrive in an environment often dominated by established players. Each investment was not just a transactional decision; it was a belief in the potential of the individual behind the idea. The story of SuperMonkey, for instance, captures the essence of my investment philosophy and the interpersonal relationships that form the crux of entrepreneurship.

The Story of SuperMonkey

In 2014, when the founder, Tiao Tiao, was struggling and running out of money while pregnant, she reached out to me not just for an investment, but for belief. Backing her was not merely a financial transaction; it was a pledge, a commitment to someone who refused to give up.

Belief Over Conventional Wisdom

Against all conventional wisdom and amidst widespread skepticism, I backed her. At that moment, it was clear to me that I was supporting a dream, a vision worth fighting for. Nine years later, SuperMonkey blossomed into a prominent fitness brand, attracting major investors like Yao Ming and Sequoia China. But for me, the true triumph was not the 400x return; it was the trust, the integrity, and the relationship built during Tiao Tiao’s moment of need.

This experience underscored a profound truth: belief and support can turn dreams into realities, inspiring countless others along the way.

Democratizing Angel Investing

My mission has always been to democratize angel funding, to advocate that “Anyone could be an angel.” True innovation often springs from the most unexpected places, and I champion those who come from humble beginnings who are willing to dream big and put in the work necessary to succeed.

Inspiring Future Generations

Over the years, PreAngel has not only funded startups but has also inspired the launch of four independent funds, collectively managing over $60 million. This expansion perfectly reflects my belief in nurturing not just startups but also new generations of investors. My journey is as much about empowering others to enter the angel investing space as it is about supporting startups.

I envision a future where investment is no longer an exclusive club but a movement that includes people from all walks of life contributing to innovation.

Sharing Knowledge and Inspiration

To further this mission, in 2016, I initiated an audio course titled "Anyone Could Be an Angel," and authored "Outlier Investor," inspired by Malcolm Gladwell's "Outliers." These initiatives aimed not just to share my experiences but to equip others with the tools and inspiration to follow a similar path.

The Importance of Inclusivity

The democratization of angel investing isn’t just about financial aspects—it's also about inclusivity. By lowering the barriers to entry, I hope to unlock the potential in those who might never have had these opportunities./

“Empowering individuals to contribute to innovation in any capacity they can is my driving force.”

The Vision of Stanford

My passion for grassroots entrepreneurship led me to Stanford University. During a visit in 2014, I was deeply moved by Rodin's statues of ordinary heroes. These figures resonated with me because they represented individuals celebrated not for their wealth but for their courage and resilience.

Stanford became a symbol of my aspirations—a place where the spirit of innovation and appreciation for everyday individuals flourished. The university's commitment to entrepreneurship has been instrumental in molding Silicon Valley inspired me to broaden my vision beyond China and think globally.

FYI, eventually, I was rejected by Stanford. Don't ask why, I don' know☹️

Continuous Learning: A Key Driver

To thrive in an evolving world, I embrace continuous learning. From developing an innovative AI tutoring bot during the pandemic to mastering Python programming, my thirst for knowledge is unquenchable. I recognize that true success extends beyond financial prosperity—it's about acquiring wisdom and continuously adapting to new challenges.

A Future Without Boundaries

My journey is far from over. I envision a world where innovation knows no boundaries, and where angel investing becomes accessible to all. By living my ethos, I am not just investing in companies—I am investing in people and their untapped potential.

“With determination, vision, and a genuine desire to uplift others, changing the world—one investment at a time—is indeed possible.”

The Legacy I Aim to Build

As I continue on this path, I dream of a world in which innovation and opportunity are universally accessible, regardless of background or financial means. By sharing my experiences, backing the underdogs, and advocating for the democratization of angel investing, I hope to lay the groundwork for a future where anyone can be an angel and contribute to the next breakthrough.

Measuring Success

My journey represents empathy, purpose, and impact. My story serves as a reminder that true success isn't measured solely by financial returns, but by the lives we touch and the change we inspire. Through my efforts with PreAngel and beyond, I am not merely building a portfolio of successful startups; I am forging a legacy rooted in hope, opportunity, and transformation.

“In a world where true success hinges upon collective progress, I am proof that individual determination can catalyze monumental change.”

Conclusion

In closing, my aim transcends monetary value; it centers on a mission to uplift others and make meaningful contributions towards innovation. Whether through forming relationships with entrepreneurs or mentoring aspiring investors, I believe that the seeds of change blossom from compassionate investments and shared aspirations.

As I continue this journey of resilience and empowerment, I invite others to join me in fostering a climate of innovation where every idea, no matter how humble its beginnings, has the potential to become a beacon of change.

My journey reinforces a vital message: With unwavering passion and commitment, we can unlock a brighter future—one investment and one visionary at a time.


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